Please be extremely frugal with your money. I would be very sad to come back in a couple of years to hear that you shut down. I've seen it too many times.
> Simplest answer is we're going to use the money to build a product that people want.
Obviously. But will spend money on extras? A nice sign for the office? A better office? Nice chairs? Phones for the conference room? These are the kind of not-very-expensive extras companies spend on when they get money. But it adds up, and without an ongoing revenue source it's not worth it.
If you can budget no more than $100K per year, you'll keep your company alive for a long time.
> Simplest answer is we're going to use the money to build a product that people want.
Obviously. But will spend money on extras? A nice sign for the office? A better office? Nice chairs? Phones for the conference room? These are the kind of not-very-expensive extras companies spend on when they get money. But it adds up, and without an ongoing revenue source it's not worth it.
If you can budget no more than $100K per year, you'll keep your company alive for a long time.